This successful North Eastern Ontario business offers a full range of restoration services and asbestos cleanup. They repair and replace anything impacted by flood and water damage, fire and smoke damage, vehicle damage plus mold or vandalism. The owners have a solid management team in place that will help the purchaser transition into the business. Revenues approached $6.1 Million in the past year and were roughly $7.0 Million in the prior 2 years. Gross profits in the latest year were $1.9M. Normalized cash flow for the last 3 years averaged $809,000. Commission and Salary expenses are the largest OPEX items followed by rent and vehicle expenses. The business holds a number of contracts with major insurance firms. It is part of a national remediation and restoration business alliance with independently owned geographic locations.
The business operates out of approximately 20,000 sq. ft. facility in Ottawa, with plenty of parking and additional outside storage.
Significant potential for growth exists by client acquisition, organic/geographic expansion or the acquisition of other locations.
There are a handful of disaster recovery/damage mediation firms in Canada. This operation is the local affiliate in their area for one of them. Independent ownership exists for each location while the national alignment facilitates agreements with national insurance companies that want one contract.point for their clients.
Will train for 8 weeks @ no cost. The company provides disaster recovery and restoration for all flood, fire, mold, theft, asbestos and natural disaster events.